S&P cuts Icahn Enterprises rating to junk, outlook stable

Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermidMoreNEW YORK (Reuters) – U.S. ratings agency Standard & Poor’s on Tuesday cut the credit rating of billionaire investor Carl Icahn’s Icahn Enterprises to junk status after the portfolio absorbed declining investment values and higher leverage in the last few months.
S&P dropped the long-term issuer credit rat